Options desk read, 22 Oct 2026: NIFTY 22,688 (-0.54%), chain, OI and expected move
The desk read for 22 Oct 2026: where NIFTY and BANKNIFTY closed, what the option chain, open interest and expected move said about it, how gold's engine is leaning, and what tomorrow carries.
The close
| Index | Close | Day |
|---|---|---|
| NIFTY 50 | 22,687.7 | -0.54% |
| BANKNIFTY | 54,925.7 | -0.09% |
| SENSEX | 73,249.4 | -0.62% |
| FINNIFTY | 24,657.7 | -0.14% |
| INDIA VIX | 15.8 | +0.51% |
NIFTY finished at 22,687.7 (-0.54%), a down day, with India VIX at 15.76 (+0.51%).
NIFTY option chain
For the 27-Oct-2026 expiry the put–call ratio is 0.82, max pain sits at 22,850, the call wall is at 24,000 and the put wall at 22,000, ATM 22,700. Open interest is balanced between the two sides. The live chain is free at /option-chain/nifty.
OI build-up on the day: balanced lean — call writing at 22,700 / 22,750 (supply); put writing at 22,600 / 22,650 (support); OI range 22,600–22,700. Call OI changed by +4,051,385 contracts and put OI by +9,992,580; PCR moved from 0.91 to 0.98.
Premium: the straddle sat at the 85th percentile of the last 20 cycles at this time — rich — straddle above most cycles at this time.
BANKNIFTY option chain
For the 27-Oct-2026 expiry the put–call ratio is 0.95, max pain sits at 55,500, the call wall is at 56,000 and the put wall at 52,000, ATM 54,900. Open interest is balanced between the two sides. The live chain is free at /option-chain/banknifty.
OI build-up on the day: bullish lean — call writing at 55,200 (supply); put writing at 54,500 / 54,700 (support); OI range 54,500–55,200. Call OI changed by +15,720 contracts and put OI by +549,600; PCR moved from 0.89 to 0.96.
Gold
XAU/USD at $4,089.10. XAU Sovereign reads 1D SELL · 4H STRONG SELL. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-10-22 FIIs were net ₹-3,459 crore and DIIs net ₹+2,891 crore in the cash market; FII index futures net -277,628 contracts. History and participant positioning at /fii-dii.
Reads like this take a minute when the panels do the counting. The terminal's OISCAN, MOVE, IVP and RISK panels ran every number above live through the session, and the VIP Indicator's three engines mark the trades on the chart.